Western Overseas Study Abroad Ltd - IPO

Western Overseas Study Abroad Ltd IPO Details

Initial public offer of up to 17,98,000 equity shares of face value of Rs. 10/- each (equity shares) of Western Overseas Study Abroad Limited (company or the issuer) for cash at a price of Rs. 56.00/- per equity share including a share premium of Rs. 46.00/- per equity share (the issue price) aggregating to Rs. 10.07 crores (the issue) of which up to 90,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 56.00/- per equity share including a share premium of Rs. 46.00/- per equity share aggregating to Rs. 0.50 crores will be reserved for subscription by market maker to the issue (the market maker reservation portion). The issue less the market maker reservation portion i.e. net issue of 17,08,000 equity shares of face value of Rs. 10/- each at a price of Rs.56.00/- per equity share including a share premium of Rs. 46.00/- per equity share aggregating to Rs. 9.56 crores (the net issue). The issue and the net issue will constitute up to 29.91% and 28.41% respectively of the post issue paid up equity share capital of the company.

Objective of issue

To finance advertisement expenses towards enhancing the awareness and visibility of the brand. To finance acquisition and installation of software. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by its company. General corporate purposes.

Western Overseas Study Abroad Ltd Contact Details

Western Overseas Study Abroad Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

Phone - 011 - 26812682 / 83

Fax - 011 - 26812682

Email - info@western-overseas.com

Website - www.western-overseas.com